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NYSE: HD
Home Depot Inc Stock Forecast, Predictions & Price Target

Analyst price target for HD

Based on 11 analysts offering 12 month price targets for Home Depot Inc.
Min Forecast
$255.00-20.12%
Avg Forecast
$303.91-4.8%
Max Forecast
$330.00+3.37%

Should I buy or sell HD stock?

Strong Buy
Strong Buy
7 analysts 63.64%
Buy
1 analysts 9.09%
Hold
3 analysts 27.27%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

HD stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Zachary Fadem
Wells Fargo
Strong BuyMaintains$330.00+3.37%2021-03-29
Steven Zaccone
Citigroup
Strong BuyInitiates Coverage On$288.00-9.78%2021-03-09
Steven Forbes
Guggenheim
Strong BuyUpgrades$310.00-2.89%2021-01-13
Anonymous
Morgan Stanley
Strong BuyMaintains$320.00+0.24%2020-12-04
Chuck Grom
Gordon Haskett
Strong BuyUpgrades$315.00-1.33%2020-11-12
Simeon Gutman
Morgan Stanley
Strong BuyMaintains$300.00-6.02%2020-10-07
Elizabeth Suzuki
Bank of America
Strong BuyUpgrades$330.00+3.37%2020-08-19
Seth Sigman
Credit Suisse
BuyMaintains$255.00-20.12%2020-05-20
Brian Nagel
Oppenheimer
HoldDowngrades$305.00-4.46%2020-09-18
Michael Baker
DA Davidson
HoldInitiates Coverage On$290.00-9.16%2020-08-14

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Forecast return on equity

Is HD forecast to generate an efficient return?
Company
484.18%
Industry
121.33%
Market
32,279.67%
HD's Return on Equity is forecast to be high in 3 years (484.18%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is HD forecast to generate an efficient return on assets?
Company
22.63%
Industry
12.04%
Market
11,627.87%
HD is forecast to generate higher Return on Assets (22.63%) than the US Consumer Cyclical industry average (12.04%)
Forecast

HD earnings per share forecast

What is HD's earnings per share in the next 3 years based on estimates from 14 analysts?
Avg 1 year Forecast
$12.57+4.91%
Avg 2 year Forecast
$13.73+14.59%
Avg 3 year Forecast
$14.84+23.85%
HD's earnings are forecast to grow at a rate of 7.45% per year, which is not exceptional
Forecast

HD revenue forecast

What is HD's revenue in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$134.8B+2.06%
Avg 2 year Forecast
$139.2B+5.37%
Avg 3 year Forecast
$144.3B+9.2%
HD's revenue is forecast to grow at a rate of 2.91% per year, which is not exceptional
Forecast

HD earnings growth forecast

How is HD forecast to perform vs Consumer Cyclical companies and vs the US market?
Company
7.45%
Industry
43.71%
Market
23.11%
HD's earnings are forecast to grow slower (7.45% per year) than the US Consumer Cyclical industry average (43.71%)
Forecast
HD's earnings are forecast to grow slower (7.45% per year) than the US market average (23.11%)
Forecast
HD's earnings are forecast to grow faster (7.45% per year) than the risk-free savings rate (1.7%)
Forecast

HD revenue growth forecast

How is HD forecast to perform vs Consumer Cyclical companies and vs the US market?
Company
2.91%
Industry
19.8%
Market
15.02%
HD's revenues are forecast to grow slower (2.91% per year) than the US Consumer Cyclical industry average (19.8%)
Forecast
HD's revenues are forecast to grow slower (2.91% per year) than the US market average (15.02%)
Forecast

Home Depot Stock Forecast FAQ

Is Home Depot Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NYSE: HD) stock is to Strong Buy HD stock.

Out of 11 analysts, 7 (63.64%) are recommending HD as a Strong Buy, 1 (9.09%) are recommending HD as a Buy, 3 (27.27%) are recommending HD as a Hold, 0 (0%) are recommending HD as a Sell, and 0 (0%) are recommending HD as a Strong Sell.

What is HD's earnings growth forecast for 2022-2024?

(NYSE: HD) Home Depot's forecast annual earnings growth rate of 7.45% is not forecast to beat the US Consumer Cyclical industry's average forecast earnings growth rate of 43.71%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 23.11%.

Home Depot's earnings in 2021 is $12,866,000,000.On average, 14 Wall Street analysts forecast HD's earnings for 2022 to be $13,530,610,956, with the lowest HD earnings forecast at $12,380,908,982, and the highest HD earnings forecast at $14,038,874,184. On average, 13 Wall Street analysts forecast HD's earnings for 2023 to be $14,779,252,541, with the lowest HD earnings forecast at $13,898,916,083, and the highest HD earnings forecast at $15,320,029,114.

In 2024, HD is forecast to generate $15,973,202,807 in earnings, with the lowest earnings forecast at $14,975,516,864 and the highest earnings forecast at $16,741,142,145.

What is HD's revenue growth forecast for 2022-2024?

(NYSE: HD) Home Depot's forecast annual revenue growth rate of 2.91% is not forecast to beat the US Consumer Cyclical industry's average forecast revenue growth rate of 19.8%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 15.02%.

Home Depot's revenue in 2021 is $132,110,000,000.On average, 10 Wall Street analysts forecast HD's revenue for 2022 to be $145,160,590,705,449, with the lowest HD revenue forecast at $138,580,590,830,711, and the highest HD revenue forecast at $149,483,865,240,288. On average, 10 Wall Street analysts forecast HD's revenue for 2023 to be $149,865,536,366,164, with the lowest HD revenue forecast at $142,970,322,855,160, and the highest HD revenue forecast at $154,554,654,918,798.

In 2024, HD is forecast to generate $155,317,892,740,275 in revenue, with the lowest revenue forecast at $150,211,324,388,010 and the highest revenue forecast at $160,418,899,372,905.

What is HD's forecast return on assets (ROA) for 2022-2024?

(NYSE: HD) forecast ROA is 22.63%, which is higher than the forecast US Consumer Cyclical industry average of 12.04%.

What is HD's Price Target?

According to 11 Wall Street analysts that have issued a 1 year HD price target, the average HD price target is $303.91, with the highest HD stock price forecast at $330.00 and the lowest HD stock price forecast at $255.00.

On average, Wall Street analysts predict that Home Depot's share price could stay at $303.91 by Mar 29, 2022. The average Home Depot stock price prediction forecasts a potential downside of N/A from the current HD share price of $319.23.

What is HD's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: HD) Home Depot's current Earnings Per Share (EPS) is $11.98. On average, analysts forecast that HD's EPS will be $12.57 for 2022, with the lowest EPS forecast at $11.50, and the highest EPS forecast at $13.04. On average, analysts forecast that HD's EPS will be $13.73 for 2023, with the lowest EPS forecast at $12.91, and the highest EPS forecast at $14.23. In 2024, HD's EPS is forecast to hit $14.84 (min: $13.91, max: $15.55).

What is HD's forecast return on equity (ROE) for 2022-2024?

(NYSE: HD) forecast ROE is 484.18%, which is considered strong.
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